Monneo expands local banking network

Wednesday 19 January 2022 15:27 CET | News

UK-based Monneo, a virtual IBAN and corporate account provider has partnered with a global money transfer services provider to expand its local banking network.

This new partnership will indirectly add 60 banks to Monneo’s existing network in Europe, North America, South America, Asia and Australia, and will help to speed up transaction times on cross-border payments.

With the expanded network of local banks, transaction can now be settled within the day, eliminating the need for SWIFT payments. Already linked to eleven different international banks and with a further three announcements expected, Monneo allows ecommerce merchants to receive and send payments in 134 currencies internationally, as well as in several digital currencies.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, cross-border payments, SWIFT, ecommerce
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech

Industry Events